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“More fundamentally, the shift may no longer be about licensing classifications alone, but how payment activities operate within a business ecosystem.” Indonesia’s payment regulatory landscape is shifting toward a more activity based and supervisory driven framework under Bank Indonesia through Bank Indonesia Regulation No. 10 of 2025 (“PBI 10/2025”). The framework increasingly focuses on how payment activities, operational arrangements, and business ecosystems are implemented in practice. For businesses exploring Indonesia’s

“More fundamentally, the shift may no longer be about licensing classifications alone, but how payment activities operate within a business ecosystem.” Indonesia’s payment regulatory landscape is shifting toward a more activity based and supervisory driven framework under Bank Indonesia through Bank Indonesia Regulation No. 10 of 2025 (“PBI 10/2025”). The framework increasingly focuses on how payment activities, operational arrangements, and business ecosystems are implemented in practice. For businesses exploring Indonesia’s

“Companies may encounter delays in processing key corporate administrative applications without fulfilling Beneficial Owner disclosure requirements under MoL Reg. 49/2025. Incomplete documentation or delays in corporate reporting may result in the non-issuance of ministerial approvals or notifications.” Companies in Indonesia are now operating under a recalibrated corporate administrative framework following the enactment of Minister of Law Regulation No. 49 of 2025 on the Requirements and Procedures for Legal Administrative Services